ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC INSTITUTIONS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Where is the headquarter of the WTO?

A	New York
B	Geneva
C	Barcelona
D	Paris

Explanation:

Detailed explanation-1: -All WTO staff are based in the WTO’s headquarters – the Centre William Rappard (CWR)-in Geneva, Switzerland.

Detailed explanation-2: -New Delhi. Hint:WTO also is known as the World trade organization. It was formed in 1995 and is an intergovernmental organization that is concerned with the regulation of international trade between nations.

Detailed explanation-3: -The World Trade Organization (WTO) is an international organisation dealing with rules of trade between nations. It was established on 1 January 1995 in Geneva, Switzerland.

Detailed explanation-4: -The WTO began life on 1 January 1995, but its trading system is half a century older. Since 1948, the General Agreement on Tariffs and Trade (GATT) had provided the rules for the system. (The second WTO ministerial meeting, held in Geneva in May 1998, included a celebration of the 50th anniversary of the system.)

There is 1 question to complete.